Uno Minda Ltd Sees Significant Surge in Open Interest Amidst Increased Trading Activity
Uno Minda Ltd has seen a notable rise in open interest, reaching 3,178 contracts, alongside a trading volume of 13,043 contracts. The stock has outperformed its sector and is trading above multiple moving averages, indicating strong market activity and liquidity, with a market capitalization of Rs 60,562.80 crore.
Uno Minda Ltd, a prominent player in the Auto Components & Equipments industry, has experienced a significant increase in open interest today. The latest open interest stands at 3,178 contracts, a notable rise from the previous open interest of 1,533 contracts, marking a change of 1,645 contracts or an impressive 107.31% increase. The trading volume for the day reached 13,043 contracts, reflecting robust activity in the market.In terms of price performance, Uno Minda has outperformed its sector by 1.69%, with the stock gaining 4.98% over the last three days. Today, it reached an intraday high of Rs 1,075, representing a 4.82% increase. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend.
Additionally, the delivery volume has surged to 720,000 shares, a 147.22% increase compared to the 5-day average, suggesting heightened trading activity. With a market capitalization of Rs 60,562.80 crore, Uno Minda continues to demonstrate solid liquidity, supporting trade sizes of up to Rs 1.35 crore. Overall, the surge in open interest and positive price movements highlight a dynamic trading environment for Uno Minda Ltd.
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